ACR Alpine Capital Research, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 6, 2024), ACR Alpine Capital Research, LLC reported 39 stock positions worth $3.3 billion. Its top holding was Goldman Sachs Access Treasur (GBIL) at 15.3% of the portfolio, followed by Citigroup (C, 8.9%) and General Motors (GM, 8.7%). Compared with Q4 2023, it opened 1 new position, sold out of 1, added to 21 and reduced 13. The biggest buy was Goldman Sachs Access Treasur (GBIL, shares +47%) and the biggest sale Invesco S&P 500 Pure Value E (RPV, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- ST. LOUIS, MO
- CIK
- 0001508822
- Portfolio Value
- $3.3B (Q1 2024)
- SEC Filing
- 0001085146-24-002267 ↗ filed May 6, 2024
Holdings Value
Holdings 39 stocks · $3.3B
| GBIL Goldman Sachs Access Treasur | 15.25% | 4,984,835 | $502.9M | Add +47.4% |
| C Citigroup Inc. | 8.93% | 4,656,970 | $294.5M | Add +8.1% |
| GM General Motors Co. | 8.72% | 6,337,547 | $287.4M | Add +8.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 7.63% | 598,662 | $251.7M | Reduce -0.7% |
| MGA Magna International Inc. | 6.59% | 3,986,843 | $217.2M | Add +11.8% |
| JPM JPMorgan Chase & Co. | 6.18% | 1,017,609 | $203.8M | Reduce -25.9% |
| MSFT Microsoft Corp. | 5.90% | 462,298 | $194.5M | Reduce -18.7% |
| LEN Lennar Corp. Class A | 5.90% | 1,130,775 | $194.5M | Reduce -28.9% |
| VOD Vodafone Group PLC-SP ADR | 5.83% | 21,608,956 | $192.3M | Add +40.4% |
| CVX Chevron Corp. | 5.68% | 1,186,600 | $187.2M | Add +15.5% |
| JNJ Johnson & Johnson | 5.39% | 1,122,972 | $177.6M | Add +11.1% |
| THO Thor Industries Inc. | 5.20% | 1,461,587 | $171.5M | Reduce -0.8% |
| FDX FedEx Corp. | 4.66% | 530,833 | $153.8M | Reduce -9.8% |
| LBTYK Liberty Global Ltd. Class C | 4.37% | 8,171,390 | $144.1M | Reduce -2.1% |
| LBTYA Liberty Global Ltd. Class A | 1.41% | 2,744,184 | $46.4M | Add +375.4% |
| DELL Dell Technologies -C | 0.34% | 97,463 | $11.1M | Reduce -11.1% |
| JEF Jefferies Financial Group Inc. | 0.32% | 237,381 | $10.5M | Add +2.4% |
| BCS Barclays PLC-Spons ADR | 0.31% | 1,069,922 | $10.1M | Add +14.8% |
| LEN.B Lennar Corp. Class B | 0.29% | 61,660 | $9.5M | Reduce -15.3% |
| PPLI People Inc. filed as IAC INC | 0.12% | 73,548 | $3.9M | Add +35.7% |
| MGM MGM Resorts International | 0.12% | 83,083 | $3.9M | New |
| RPV Invesco S&P 500 Pure Value E | 0.11% | 40,755 | $3.6M | Reduce -96.0% |
| LILAK Liberty Latin Americ Class C | 0.10% | 487,763 | $3.4M | Reduce -0.6% |
| BSV Vanguard Short-Term Bond ETF | 0.10% | 44,350 | $3.4M | Add +6.4% |
| NRDY Nerdy Inc. | 0.08% | 952,062 | $2.8M | Add +15.7% |
| FPH Five Point Holdings LLC Class A | 0.08% | 828,123 | $2.6M | Add +19.3% |
| MRK Merck & Co. Inc. | 0.07% | 17,733 | $2.3M | Add +4.3% |
| SMBC Southern Missouri Bancorp | 0.06% | 48,735 | $2.1M | Add +36.1% |
| HHH Howard Hughes Holdings Inc. | 0.06% | 27,479 | $2.0M | Add +12.2% |
| HES Hess Corp. | 0.05% | 11,546 | $1.8M | Add +58.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.03% | 23,764 | $1.1M | Add +17.5% |
| NWLI National Western Life Grou-A | 0.03% | 2,138 | $1.1M | Add +27.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.03% | 3,871 | $1.0M | Add +6.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.02% | 4,089 | $666K | Reduce -0.7% |
| FND Floor & Decor Holdings Inc. Class A | 0.02% | 4,069 | $527K | Reduce -41.6% |
| CRK Comstock Resources Inc. | 0.01% | 32,738 | $304K | No change |
| SLDP Solid Power Inc. | 0.01% | 85,000 | $173K | No change |
| EARN Ellington Credit Co. | 0.00% | 12,527 | $87K | No change |
| NINEQ Nine Energy Service Inc. | 0.00% | 15,000 | $34K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| RPV Invesco S&P 500 Pure Value E | Reduce -96.0% | 0.11% | −2.74 |
| LEN Lennar Corp. Class A | Reduce -28.9% | 5.90% | −2.11 |
| JPM JPMorgan Chase & Co. | Reduce -25.9% | 6.18% | −1.71 |
| MSFT Microsoft Corp. | Reduce -18.7% | 5.90% | −1.32 |
| LBTYK Liberty Global Ltd. Class C | Reduce -2.1% | 4.37% | −0.89 |
| THO Thor Industries Inc. | Reduce -0.8% | 5.20% | −0.68 |
| FDX FedEx Corp. | Reduce -9.8% | 4.66% | −0.36 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.05 |
| LEN.B Lennar Corp. Class B | Reduce -15.3% | 0.29% | −0.04 |
| LILAK Liberty Latin Americ Class C | Reduce -0.6% | 0.10% | −0.02 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -41.6% | 0.02% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.7% | 0.02% | −0.00 |
| DELL Dell Technologies -C | Reduce -11.1% | 0.34% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 7.63% | +0.37 |
Portfolio Buys Q4 2023 → Q1 2024
| GBIL Goldman Sachs Access Treasur | Add +47.4% | 15.25% | +3.85 |
| GM General Motors Co. | Add +8.4% | 8.72% | +1.62 |
| C Citigroup Inc. | Add +8.1% | 8.93% | +1.44 |
| VOD Vodafone Group PLC-SP ADR | Add +40.4% | 5.83% | +1.31 |
| LBTYA Liberty Global Ltd. Class A | Add +375.4% | 1.41% | +1.06 |
| CVX Chevron Corp. | Add +15.5% | 5.68% | +0.50 |
| MGM MGM Resorts International | New | 0.12% | +0.12 |
| BCS Barclays PLC-Spons ADR | Add +14.8% | 0.31% | +0.06 |
| JNJ Johnson & Johnson | Add +11.1% | 5.39% | +0.03 |
| PPLI People Inc. | Add +35.7% | 0.12% | +0.02 |
| HES Hess Corp. | Add +58.8% | 0.05% | +0.02 |
| MRK Merck & Co. Inc. | Add +4.3% | 0.07% | +0.01 |
| FPH Five Point Holdings LLC Class A | Add +19.3% | 0.08% | +0.01 |
| NWLI National Western Life Grou-A | Add +27.2% | 0.03% | +0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Add +17.5% | 0.03% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +6.3% | 0.03% | +0.00 |
| JEF Jefferies Financial Group Inc. | Add +2.4% | 0.32% | +0.00 |
| SMBC Southern Missouri Bancorp | Add +36.1% | 0.06% | 0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +6.4% | 0.10% | −0.01 |
| HHH Howard Hughes Holdings Inc. | Add +12.2% | 0.06% | −0.01 |
| NRDY Nerdy Inc. | Add +15.7% | 0.08% | −0.01 |
| MGA Magna International Inc. | Add +11.8% | 6.59% | −0.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 38 | $7.0B | GBIL, JNJ, CVX, LEN, MSFT |
| Q1 2026 | 36 | $6.7B | GBIL, CVX, JNJ, ARW, VOD |
| Q4 2025 | 34 | $6.4B | GBIL, FDX, JNJ, THO, C |
| Q3 2025 | 35 | $5.9B | GBIL, GM, THO, JNJ, FDX |
| Q2 2025 | 36 | $5.6B | GBIL, C, DG, THO, GM |
| Q1 2025 | 41 | $4.8B | GBIL, FDX, JNJ, DG, C |
| Q4 2024 | 38 | $4.6B | GBIL, C, GM, CVX, JPM |
| Q3 2024 | 37 | $3.4B | GBIL, C, GM, MGA, VOD |
| Q2 2024 | 35 | $3.2B | GBIL, C, GM, BRK.B, MGA |
| Q1 2024 | 39 | $3.3B | GBIL, C, GM, BRK.B, MGA |